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THE CHICAGO BANKER
December 25, !pop]
			
(fists) \ National Bank/ T» CMARTCBCOIN IT V ,»ISCOtiS^ fJThis Bank, being at the logical center of Wisconsin banking activity, and having an exceptional list of State and Foreign correspondents, offers its services to conservative Banks with the assurance that such a connection will be of mutual advantage. The First National Bank of Milwaukee			FOURTH STREET NATIONAL BANK OF PHILADELPHIA, PA. Capital - - - $3,000,000.00 Surplus and Profits - 6,100,000.00 UNEXCELLED COLLECTION FACILITIES CORRESPONDENCE INVITED R. H. RUSHTON, President E. F. SHANBACKER, 1st Vice-President B. M. FAIRES, 2nd Vice-President R. J. CLARK, Cashier W. A. BULKLEY, Assistant Cashier W. K. HARDT, Assistant Cashier FRANK G. ROGERS, Manager Foreign Exchange Department
			
McCOY & COMPANY Investment Bonds We specialize in Municipal and Corporation Bonds suitable for the investments of State and Savings Banks, Trust and Insurance Companies, Fraternal Organizations, and Trustees of Estates Correspondence and interviews invited Circulars on application 181 La Salle Street CHICAGO			SHORT, STANTON & CO. DEALERS IN ־D /W ־|YT TA O HIGH GRADE J_) U J.N U O MUNICIPAL— RAILROAD—CORPORATION AND MUNICIPAL IRRIGATION Suitable for Banks, Individuals, Trust Funds and Estates Principal Secured; Income Assured Circulars describing offerings furnished on request CHICAGO CINCINNATI 533 First National Bank Building 1005 Fourth National Bank Building Telephone Central 6047 Telephone Main 1280
			
to provide payment of freight on a carload of Christmas trees.
Group Four to Disband
Group Four, Wisconsin Bankers Association, has had a hard time for existence owing to the difficulty in the northern part of the state to find a central place of meeting on account of the poor railroad facilities. It has been decided to disband this group, and the present members will join the group most convenient to their place of residence. Group Four embraces the towns of Ashland and Superior and has a membership of forty-four banks.
Sale Nets Good Value
The Wisconsin Trust Company reports that 60 per cent of the appraised value of the stock of the Wisconsin Knitting Works, bankrupt, was realized at the receiver’s sale conducted by them during the past week. Chicago bidders took an active part and bid in all of the manufactured goods and yarn, while the remainder of the stock and equipment went to Milwaukee bidders.
Group One Meeting
Group One, Wisconsin Bankers Association, will hold its annual meeting at Menomonie, January 14th. This group embraces all of the northern part of the state and a large attendance is promised. The usual delegation from Milwaukee will attend.
New North Side Bank
Milwaukee is to have a new north side bank to be known as the Merchants and Farmers’ State Bank of Milwaukee, the incorporation papers having been filed. Feeling the need of an institution in that section of the city, a (Continued on page 13)
to its business outside of the territory covered by the Interstate Protective Association.
New Gold Coins in Demand
Milwaukee banks are bombarding the mints just now for supplies of the new gold coins, especially the $2.50 pieces which are in demand for Christmas presents.
“We have had a big demand for the new gold coins,” says Cashier Henry Kloes of the First National. “We have put in three orders for supplies of the $2.50, the $5, and the $10 pieces. We expect $3,000 or $4,000 more in this denomination this week, which should be enough to care for our patrons. It is the same way with the new coins that it was with the Lincoln pennies. We put in an order for 100,000 of them and got probably 50,000. At first we couldn’t give them out fast enough, but now they are a drug on the market.”
Fraudulent Check Operator
Wisconsin bankers have been more or less victimized of late by a smooth swindler passing under the name of A. L. Carnman. Checks for small amounts are presented at banks and to various merchants drawn on the Commercial Bank at Fargo, with representations of shipments of provisions, etc., awaiting payment of the freight. One commission firm in Milwaukee lost a small amount in this manner when Carnman asked to have a check honored
A MERIC AN"business house of twenty-five
years’ standing desires the representation
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of a prominent industrial or commercial firm or”corporationrfor Europe. References required. H Noyl, 11 Rue St. Florentin, Paris.
the interests of the association, as the official organ until convention of entire body.
Report of Secretary Bartlett showed the following bank burglaries in Wisconsin: September 8th, bank at Downing, no money loss, damage loss $331.50; September 18th, bank at Athens, no money loss, damage loss $1,025; October 12th, State Bank of Waterford, no money loss, damage loss of $250; October 19th, State Bank of Minocqua, money loss $2,-700, damage loss $300; October 21st, State Bank of Reedsville, money loss of $5,000. The following hold-ups were reported: November 2d, Farmers Exchange Bank, Green Bay, money loss $3,000; November 26th, Peoples Bank, Mazomanie, no money loss.
Decided to effect co-operation with the Interstate Bankers Protective Association which acts for the banks of Wisconsin, Minnesota, Iowa, and the two Dakotas.
Those present at the meeting were: President Wing, Vice-President Graettinger, Secretary George D. Bartlett; Lewis Larson, Cumberland ; E. A. Dow, Plymouth; W. J. Hob-bins, Madison; H. A. Moelenpah, Clinton; E. J. Hughes and W. M. Post, Milwaukee.
Pinkertons Displaced by Burns
Announcement has been made that the Interstate Protective Association has entered into an agreement with the American Bankers Association to take care of all burglaries in the states of Minnesota, Wisconsin, Iowa, and the two Dakotas. The Pinkertons have looked after this business in the past, but this contract has now terminated and the new contract has been made with the William J. Burns National Detective Agency of New York. The national association represents 11,000 banking institutions, and the Burns agency will attend